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Nonprofiteer
← UNIVERSITY OF AKRON RESEARCH FOUNDATION

Form 990 for tax year 2022

Filed by UNIVERSITY OF AKRON RESEARCH FOUNDATION.

Totals

Total revenue
$3,671,028
Total expenses
$4,148,716
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,951,886
Investment income
$264,383
Other revenue
$1,454,759
Total assets, end of year
$12,153,009
Total liabilities, end of year
$4,484,464
Net assets or fund balances, end of year
$7,668,545
Program services expenses (Part IX)
$3,798,283
Management and general expenses
$181,707
Fundraising expenses
$0
Program service expenses (Part III)
$3,798,283

Program services were 91.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Gary Miller

    Chairman

    Total calculated
    $594,377
    From this org
    $0
    From related orgs
    $531,160
    Other
    $63,217

    Schedule J breakdown matched by us

    Base
    $464,668
    Bonus
    not reported
    Other
    $66,492
    Deferred
    $36,105
    Nontaxable benefits
    $27,112
    Filer's total
    $594,377

  • Phil Allen

    Director

    Total calculated
    $250,638
    From this org
    $0
    From related orgs
    $205,730
    Other
    $44,908

    Schedule J breakdown matched by us

    Base
    $162,255
    Bonus
    not reported
    Other
    $138
    Deferred
    $22,997
    Nontaxable benefits
    $10,091
    Filer's total
    $195,481

  • Sue Bausch

    President

    Total calculated
    $120,286
    From this org
    $0
    From related orgs
    $105,660
    Other
    $14,626

  • Elyse Ball

    Secretary

    Total calculated
    $110,000
    From this org
    $110,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Kendall Martis

    Treasurer

    Total calculated
    $88,019
    From this org
    $74,709
    From related orgs
    $0
    Other
    $13,310
    Hours/week
    40

  • Thomas Waltermire

    Director

    Total calculated
    $0

  • Chris Thompson

    Director

    Total calculated
    $0

  • Ilene Shapiro

    Director

    Total calculated
    $0

  • Joe Rich

    Director

    Total calculated
    $0

  • Robert Cooper

    Director

    Total calculated
    $0

  • Joseph Gingo

    Director

    Total calculated
    $0

  • Bryan Williams

    Director

    Total calculated
    $0

  • Dennis Coco

    Director

    Total calculated
    $0

  • Sam DeShazior

    Director

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception
  • 9 · Followed the rebuttable-presumption procedure

The filer's explanations (Part III)

Part I Line 3
The University of Akron Research Foundations Board of Directors approves the compensation of the executive director.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • Akron Innovation Campus

    Rental Property · OH · income $556,114 · assets $2,997,803

    Directly controlled by University of Akron Research Foundation

  • PolyMed Tech Inc

    Medical Devices · OH · assets $20

    Directly controlled by University of Akron Research Foundation

Provenance

Return type
form_990
Tax year
2022
Filed
10 April 2024
IRS schema version
2022v5.0
Source object
202431039349301038

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